Tag Archives: Flutter

Flutter eyes Oddschecker sale as focus shifts to core business growth

Flutter Entertainment is actively reviewing options to sell its Oddschecker business, as the FTSE100 firm focuses its core operations to strengthen its global sports betting and igaming units  This afternoon, Sky News reported that Flutter had recruited New York investment bank Moelis & Company to advise on the sale of Oddschecker – recognised as UK and Australian betting markets’ leading …

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Big Four RET commitment sees GambleAware donations top £19m  

GambleAware has reported a bumper year in voluntary donations, totalling £19 million provided by UK licensed gambling businesses.  Publishing its summary of donations for the 12 months ending 31 March 2021, GambleAware secured a near £9 million increase in voluntary donations provided by UK operators – overall contributions for 2019/2020 reached £10.05 million. GambleAware attributed the significant rise in funding …

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Flutter loses Kentucky appeal on PokerStars $870m litigation 

The Supreme Court of Kentucky has denied Flutter Entertainment Plc an appeal to rehear the litigation made by the state against its PokerStars subsidiary.    The FTSE100 firm’s request relates to the Kentucky Court of Appeals reversing its judgement on PokerStars owing the Commonwealth of Kentucky $870 million for unlicensed online poker wagers recorded between 2006-to-2011. In 2018, Kentucky judges ruled …

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Playtech nets five-year Flutter full service igaming contract extension

Playtech Plc has secured a further tier-1 operator contract extension, as Flutter Entertainment renews its lead igaming supplier services contract with the FTSE250 technology group.  Securing a new five-year contract, Playtech Plc will continue to serve as lead online gambling software and games supplier for Flutter’s Paddy Power, Betfair and Sky Casino brands. Flutter branded Playtech as a key strategic …

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Flutter mulls FanDuel IPO options against fierce US competition   

Flutter Entertainment has disclosed that it is weighing up options to list a ‘small shareholding’ of FanDuel on a US stock exchange as a means to accelerate its North American market profile. This weekend, the FTSE100 betting group released a statement detailing that it was evaluating its capital structure in order to help the company achieve its long-term growth objectives. …

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UK Gambling PLCs take centre stage on Budget week

UK gambling will be at the forefront of global business headlines and further M&A speculation this week as its ‘big-three’ PLCs declare their end-of-year results having navigated the events of an unprecedented 2020.    Opening the FTSE bell on Tuesday 2 February, Flutter Entertainment will publish its 2020 financial results, with City and Wall Street eyes eager to gauge the …

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Flutter makes £4.8m Cash4Clubs donation to aid community sports comeback

Flutter Entertainment has this morning launched its new ‘Cash4Clubs’ campaign, donating £4.8 million to grassroots sports organisations across the UK struggling to survive the impact of the COVID-19 pandemic. The FTSE100 betting group has partnered with ‘Made by Sport’, a charity that champions local sports development as a vital community factor improving social mobility, circumstances and people’s lives. Flutter has …

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Flutter board takes a US Flavour with Dubuc & Koeppel appointments 

Flutter Entertainment Plc has disclosed a number of boardroom-level changes, governing the FTSE100 gambling group.  Current Deputy-Chairman Divyesh Gadhia and long-term Non-Executive Director Peter Rigby have individually confirmed that they intend to retire from boardroom duties following Flutter’s annual general meeting scheduled for 29 April. The FTSE firm has secured forthcoming replacements, confirming that Holly Koeppel and Nancy Dubuc will …

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Harry von Behr: Spotlight Sports Group accelerates US expansion

Spotlight Sports Group

Harry von Behr, Managing Director (Sport) at Spotlight Sports Group, discusses the evolution of the company, the recent refresh of the group brand, key focus areas for 2021, and why it’s an exciting time to be involved in the US market – both through the provision of expert content for B2B partners and the successful rollout of customer facing website …

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William Hill commits to 100% renewable energy with new green policy

British online and retail bookmaker William Hill has moved 100% of its UK electricity supply to renewable energy sources as part of a new green commitment. The arrangement has been in place since 1 October 2020 following a procurement tendering process which saw the operator switch energy suppliers from Grid Electricity to Total Gas and Power. As a result of …

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